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  ______    ______               ___    __    __  
 /_   _//  /_   _//   ____      / _ \\  \ \\ / // 
 `-| |,-    -| ||-   |    \\   | / \ ||  \ \/ //  
   | ||     _| ||_   | [] ||   | \_/ ||   \  //   
   |_||    /_____//  |  __//    \___//     \//    
   `-`'    `-----`   |_|`-`     `---`       `     
                     `-`

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Text this: Inefficiency in the Shadow of Unobservable Outside Options